Caterpillar Inc. $CAT Stock: Mesirow Financial Investment Management Inc. Reduces Holdings

Mesirow Financial Investment Management Inc. lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,321 shares of the industrial products company’s stock after selling 8,970 shares during the quarter. Caterpillar makes up approximately 1.0% of Mesirow Financial Investment Management Inc.’s portfolio, making the stock its 23rd largest holding. Mesirow Financial Investment Management Inc.’s holdings in Caterpillar were worth $65,126,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CAT. Diversify Advisory Services LLC acquired a new position in Caterpillar during the second quarter worth $5,372,000. D.B. Root & Company LLC acquired a new stake in shares of Caterpillar in the second quarter worth about $850,000. Dearborn Partners LLC bought a new stake in shares of Caterpillar during the 2nd quarter worth about $20,293,000. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Caterpillar by 4.3% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company’s stock worth $66,802,000 after acquiring an additional 2,590 shares in the last quarter. Finally, Van Hulzen Asset Management LLC boosted its stake in shares of Caterpillar by 85.3% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company’s stock worth $2,991,000 after acquiring an additional 1,293 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Caterpillar

In other news, CEO Joseph Creed sold 32,401 shares of Caterpillar stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Fish, Jr. acquired 1,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were purchased at an average price of $620.39 per share, for a total transaction of $620,390.00. Following the completion of the transaction, the director owned 4,714 shares of the company’s stock, valued at $2,924,518.46. This trade represents a 26.93% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $584.28 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.42 and a quick ratio of 0.88. The company has a market cap of $267.36 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The firm has a fifty day moving average price of $751.89 and a two-hundred day moving average price of $805.68. Caterpillar Inc. has a fifty-two week low of $537.08 and a fifty-two week high of $1,073.46.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.06 by $0.14. The company had revenue of $20.68 billion for the quarter, compared to the consensus estimate of $20.76 billion. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.95 EPS. Analysts expect that Caterpillar Inc. will post 27.38 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, October 26th. Caterpillar’s payout ratio is currently 25.58%.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Anthropic reportedly agreed to take over a $3.4 billion order for 1.7 gigawatts of Caterpillar gas generators originally placed by OnePWR. The deal highlights AI-related demand for power equipment and could support Caterpillar’s Power & Energy business, although it is a transfer of an existing order rather than necessarily an entirely new one. Article: Caterpillar Stocks Jump as Anthropic Takes Over Generator Order
• Positive Sentiment: Caterpillar reported record third-quarter revenue and net income, reaffirmed expectations for moderate fourth-quarter sales growth, and forecast full-year 2026 revenue growth in the mid-to-high teens. These results and guidance provide a strong operating backdrop for the stock. Article: How AI Power Order Will Impact Caterpillar Investors
• Positive Sentiment: A report says Caterpillar is among stocks insiders are buying after the recent market sell-off, which may bolster investor confidence, though the headline does not provide details on the purchases. Article: Caterpillar Among Names Insiders Are Loading Up On
• Neutral Sentiment: The recent rebound following the generator-order news may leave shares vulnerable to profit-taking. Michael Burry reportedly trimmed his bearish options position, but that change in one investor’s trade is not a fundamental indicator. Article: Michael Burry Trims Caterpillar Bearish Bet

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Caterpillar from $1,100.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Barclays upped their target price on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Morgan Stanley lowered their price target on Caterpillar from $915.00 to $675.00 and set an “equal weight” rating on the stock in a report on Friday, October 30th. Weiss Ratings lowered shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 29th. Finally, Citigroup reduced their price objective on shares of Caterpillar from $950.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $898.25.

About Caterpillar

Caterpillar Inc. is a global manufacturer of construction and mining equipment, engines, turbines, and related products and services. Its offerings include earthmoving and material-handling machines, diesel and natural gas engines, power-generation systems, and equipment and technologies used in mining and transportation. The company’s products are commonly sold under the Cat brand. Caterpillar serves customers in markets around the world through a network of independent dealers. Its businesses also provide parts, maintenance, equipment rental, and other support services, as well as financing and insurance through its financial services operations.